About Neptune Polymers Pvt Ltd
Data last updated:
Neptune Polymers Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 12 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1992PTC017603. Its GSTIN is 24AAACN9080A1ZT (Gujarat).
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.1 Cr. It is led by directors Dhanlaxmi Dipak Shah and Jay Dipakkumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.19 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹10,250 (net margin 0.1%) and EBITDA of ₹5.93 Lakh (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over five years.
The company is associated with 1 brand: Neptune Polymers. As per MCA filings, the company has satisfied charges of ₹9.31 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neptunepoly.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address529/10/1 Dalia Building Opp Town Hall Nr V S Hospital Ellishbrid, Ge, Ahmedabad, Gujarat, India – 380007
- IndustryManufacturing, Plastic-Based Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Neptune Polymers Pvt Ltd
The main business activity of Neptune Polymers is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Neptune Polymers Pvt Ltd FY 2025 filings available
Neptune Polymers Pvt Ltd reported revenue of ₹1.19 Cr (down 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Neptune Polymers Pvt Ltd
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 289% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Neptune Polymers Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10,250 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Neptune Polymers Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Neptune Polymers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Neptune Polymers Pvt Ltd
Neptune Polymers Pvt Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products, Polymers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aakarsh Royals Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Agastyaplastmould Industries Private Limited | •••• | •••• | •••• | •••• | - | Umbergaon, Gujarat, India |
| Lyrics Mechanics Private Limited | •••• | •••• | •••• | •••• | - | Ahmednagar, Maharashtra, India |
| Garima Polyplast Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Oism Polymers India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Neptune Polymers Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Saini Polymers Pvt Ltd | •••• | •••• | •••• | •••• | 14 | Punjab, India |
| Kailash PVC Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Mana Polymers Private Limited | •••• | •••• | •••• | •••• | - | Kothur(Mandal), Telangana, India |
| Plasto Packaging Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Polyshells and Tools Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Neptune Polymers by revenue in the Manufacturing industry (Plastic Based Products, Polymers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Neptune Polymers Pvt Ltd
Neptune Polymers Pvt Ltd is audited by NAIGAM H SHAH & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAIGAM H SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Neptune Polymers Pvt Ltd
Neptune Polymers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanlaxmi Dipak Shah | Director | 03 Aug 2005 | 21 Years 2 Months | Current |
| Jay Dipakkumar Shah | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
Ownership and Shareholding of Neptune Polymers Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Neptune Polymers Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jan 2012 | Cosmos Co-Operative Bank Limited | ₹4.2 Cr | Satisfied |
| 17 Jul 2008 | Dena Bank | ₹2.5 Cr | Satisfied |
| 16 Sep 2005 | The Ahmedabad Mercantile Co-Op Bank Ltd | ₹1.25 Cr | Satisfied |
| 20 Sep 2000 | The Ahmedabad Mercantile Co-Op Bank Ltd | ₹26.79 Lakh | Satisfied |
| 24 Apr 1999 | The Ahmedabad Mercantile Co-Op Bank Ltd | ₹42 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Neptune Polymers Pvt Ltd
Neptune Polymers Pvt Ltd has 12 court cases on record: 5 filed by Neptune Polymers, 7 filed against it. 1 case is pending and 11 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 1 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed by the company against an individual | Pending |
| High Court of Gujarat | Appeal | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed by the company against an individual | Disposed |
| District court, Kheda at Nadiad, Gujarat | Court case (RECO33C1-LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Flexible Jumbo Bags Pvt Ltd | Disposed |
Full case history
All 12 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Neptune Polymers Pvt Ltd
Neptune Polymers operates one associated brand: Neptune Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of HDPE/PP woven bags, fabrics, and tarpaulins in India. | neptunepoly.com |
Employees and EPFO Compliance at Neptune Polymers Pvt Ltd
Neptune Polymers Pvt Ltd has a workforce of 0 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Neptune Polymers Pvt Ltd
Neptune Polymers Pvt Ltd has 3 board changes on record since 2005: 3 appointments. The latest: Jay Dipakkumar Shah was appointed as Director on 06 Jan 2026.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Neptune Polymers Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Neptune Polymers Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Neptune Polymers Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Neptune Polymers Pvt Ltd
Neptune Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN9080A1ZT | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Neptune Polymers Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Neptune Polymers Pvt Ltd
Neptune Polymers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 12 May 1992 (34+ years old) and is registered under CIN U17119GJ1992PTC017603.
Neptune Polymers reported revenue of ₹1.19 Cr for FY 2024 (down 50% YoY).
Neptune Polymers has 2 current directors:
- Dhanlaxmi Dipak Shah - Director
- Jay Dipakkumar Shah - Director
Neptune Polymers reported a net profit of ₹10,250 (net margin 0.1%) and EBITDA of ₹5.93 Lakh (EBITDA margin 5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neptune Polymers is 2% over five years. In the latest year (FY 2024) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Neptune Polymers is 24AAACN9080A1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Neptune Polymers is U17119GJ1992PTC017603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neptune Polymers has 12 court cases on record: 5 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Neptune Polymers was incorporated on 12 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Neptune Polymers by revenue are Aakarsh Royals Private Limited, Agastyaplastmould Industries Private Limited, Lyrics Mechanics Private Limited, Garima Polyplast Private Limited, Oism Polymers India Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products, Polymers).
Jay Dipakkumar Shah was appointed as Director on 06 Jan 2026. Dhanlaxmi Dipak Shah was appointed as Director on 03 Aug 2005. Dipak Amratlal Shah was appointed as Director on 03 Aug 2005.